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Form No. 28 (28, 28A, 28B, 28C, May 77)
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l.Jff INSURANCE CORPORATION Of INtlfA
CHENNAI DIVISION- I
Date:
Dear Sir,
I have taken out a life insurance policy with the Life Insurance Corporation of India under the Salary
Savings Scheme. The particulars of the Policy are given overleaf. I desire to pay premiums by deduction from
salary every month. I request you to kindly arrange to deduct and pay to the Sr. / Branch Manager Life Insurance
Corporation of India, Branch Code No the premium
amount stated overleaf from my salary due for the month given overleaf and also continue to deduct and pay
such amounts regularly every month including arrears of premium if any with interest.
I agree that your liability will be confined to making arrangements for deduction of premium from salary
whnever this can be made and for remitting the amount of deduction to the Corporation in time up to the month
and year. of last instalment stated overleaf or till I give you and the L.I.C. a specific Notice of withdrawal of
authorisation. I also agree that the Notice of authorisation shall not be withdrawn by me until premiums have
been paid for a minimum period of three years from the date of commencement of the policy. I shall be entirely
responsible for any consequence on account of non-payment of premiums on my policy for reasons beyond
your control such as the event of my proceeding on leave without payor my drawing advance salary without
deduction of premium perchance or my withdrawing this authorisation by a due notice to you and to the Corporation
after the minimum period as stated above by being transferred to an office where the Salary Savings Scheme has
not been introduced (or my being transferred on promotion to a gazetted post where the Salary Savings Scheme
is not operative) * or my leaving present service in any such case of withdrawal of Salary Savings Scheme with you
by the Ufe Insurance Corporation of India for any reasons whatsoever, it will be my responsibility to make arrangements
for remittance of premium directly to the Ufe Insurance Corporation of India to prevent my policy from lapsing.
Designation / Salary No. / Badge No. / Token No. / P.C. No. Etc.
Office of Service .
Department / Office ..
Office Address ..
Permanent I Residential Address : :.
PayingAuthorityCode No : .
*In the case of Policies Issued under Progressive Protection Plan and Convertible whole Life Plan varying
amounts will be required to be deducted as detailed below :
Instalment Premium Deduction to commence from Premium payable
Salary for the month of
(i)
(ii)
(ii) P.Sr./ Branch Manager